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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2013 

The power of credit curing.  There is no correlation between wealth and the quality of one’s credit score.  I have seen the entire spectrum in play.  Recently I encountered a man whose wife’s score was not awful, but also not good enough to qualify for the rate I had offered him.  I emailed him a...
03/27/2013
Social Security – Although the maximum someone can be paid each month after having attained the full retirement age 66 is $2,533 per month or $30,396 per year, did you know that there is large monthly bonus for waiting until 70?  The maximum payment for those who begin collecting at 70 is $3,346 ...
03/27/2013
         The Mortgage Market today – What should you clients know and how should they prepare? It is time to re-assess the mortgage market.  Rates remain near historic lows affording buyers a rare opportunity to purchase discounted properties with low monthly payments.  Many potential buyers want...
03/27/2013
ortgage backed securities (MBS) closed down 3 basis points today at 102.84 having risen up and crossed over resitance offered by the 25 day moving average prior to coming to rest just 8 basis points below it at the close.  The steady drift to the exit doors to begin the long Easter weekend has al...
03/26/2013
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      ARMs – All ARMs are the same right?  There are just different interests.  Well the truth is not so fast.  ARMS are fixed for the number of years represented by the first number and may adjust after the fixed period based on the second number.  So a 5/1 ARM is fixed for 5 year and could adju...
03/25/2013
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        MBS Market - Mortgage backed securities (MBS) closed up 6 basis points Friday at 102.84 having inched ever closer to resistance above offered by the 25 day moving average. Bonds actually broke through resistance at one point during the day prior to succumbing to the downward pressure prio...
03/25/2013
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   Rates – Rates improved slightly last week with 30 year fixed conforming loan available at 3.625% and the high balance conforming at 4.0%.  Remember that the high balance conforming is only available in Fairfield County.  Surprisingly the Jumbo 30 year fixed was available at 3.75% for certain l...
03/25/2013
Mortgage backed securities (MBS) closed up 6 basis points today at 102.84 having inched ever closer to resistance above offered by the 25 day moving average.  Bonds actually broke through resistance at one point during the day prior to succumbing to the downward pressure prior to the close.  With...
03/22/2013
Mortgage backed securities (MBS) closed up 16 basis points today at 102.78 having come to rest just 14 basis points below resistance offered by the 25 day moving average.  The seesawing, roller coaster riding trading sessions of late must have traders dizzy and experiencing vertigo.  the long dow...
03/21/2013
Mortgage backed securities (MBS) closed down a whopping 40 basis points today at 102.75 having fallen through the crucial support level offered by 103.30.  The large red candlestick reveals the MBS bonds closed at their low for the day.  This an extremely bad sign after such a poor day of trading...
03/07/2013
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